In a report released today, Brian White from Monness maintained a Buy rating on Red Hat (NYSE: RHT), with a price target of $186. The company’s shares closed yesterday at $143.16.
According to TipRanks.com, White is a top 100 analyst with an average return of 19.2% and a 67.8% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Currently, the analyst consensus on Red Hat is a Moderate Buy with an average price target of $165.24, which is a 15.4% upside from current levels. In a report issued on September 7, Barclays also maintained a Buy rating on the stock with a $166 price target.
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Red Hat’s market cap is currently $25.41B and has a P/E ratio of 90.04. The company has a Price to Book ratio of 17.74.
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Red Hat, Inc. engages in the provision of open source software solutions. The firm operates its business through the following segments: Americas, EMEA, Asia Pacific, and Corporate. The company was founded by Robert F. Young in March 1993 and is headquartered in Raleigh, NC.
